Investing.com -- Clearlake Capital Group is on the brink of finalizing a $5.5 billion private debt deal to fund its acquisition of Dun & Bradstreet (NYSE: DNB_old ) Holdings Inc. This marks one of the most substantial private credit agreements in history, according to Bloomberg, citing individuals familiar with the situation.

The financing for this deal is being led by Ares Management (NYSE: ARES ) Corp. and is expected to close very soon, stated an anonymous source who did not wish to be named due to the private nature of the information. Morgan Stanley is also playing a role in arranging the deal, as per the same sources.

The financing package is split into a $5 billion funded term loan and a $500 million revolving credit facility. The loan has an interest rate of 5.5 percentage points above the Secured Overnight Financing Rate and will be issued at a discounted price of 99 cents on the dollar, one of the sources revealed.

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